House Passes Bill Approving Keystone XL Pipeline

MarketWatch Pulse

The House of Representatives passed a bill Friday approving construction of the Keystone XL oil pipeline. The bill is sponsored by Rep. Bill Cassidy, the Louisiana Republican who is facing Democrat Mary Landrieu in their state's Dec. 6 Senate runoff election. The Senate is poised to vote on a Keystone bill next week. Earlier this week, a White House spokesman said the Obama administration takes a "dim view" of legislation to force construction of the project -- but didn't directly say President Barack Obama would veto it if it reaches his desk.

Copyright © 2014 MarketWatch, Inc.

Continue Reading Below